You don't need (insert bloated word processor name here), period. I know, seems too good to be true, but save yourself the $$. I can do anything in cloud based word processors that I can do with the bloatware. I have been a user of Google Docs for a while and occasionally have tried a few other things (Think Free Office and a couple others) and I think this is one place where you won't miss your locally running application and storage.
I will say using a tablet with these apps still feels a bit clumsy, but only marginally so. That may be due to the fact that I'm trying to use a tablet with these apps for the first time. More on that topic as the week progresses.